Business

Thai Nguyen economy sees strong results in first two months

The industrial production index of the northern province of Thai Nguyen increased tenfold in the first two months of 2015 from the same period last year, according to statistics provided by the provincial People’s Committee.
The industrial production index of the northern province of Thai Nguyenincreased tenfold in the first two months of 2015 from the same periodlast year, according to statistics provided by the provincial People’sCommittee.

Of the industries, cement saw a 50 percent annualincrease while garment and steel posted rises of 48 and 108 percent,respectively.

In addition, the Samsung high-tech complex in theprovince achieved substantial growth, producing 15.4 million smartphones and 3.9 million tablet computers.

Over the last two months, the province’s export revenue reached 3.3 billion USD, with smart phones accounting for 72 percent.

Statebudget collection hit an estimated 1.4 trillion VND (65.7 millionUSD), up 91 percent from last year and meeting 50 percent of the yearlyplan in the first two months alone.

Over 200 newenterprises were established, bringing the total number ofnewly-established businesses in the province to over 4,000 with morethan 30.6 trillion VND (1.4 billion USD) in capital.

To reachthe 2015 socio-economic targets, Thai Nguyen will take various stepsrelated to laws and policies, planning, infrastructure, human resources,site clearance and administrative reform, according to chairman of theprovincial People’s Committee Duong Ngoc Long.-VNA
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